I use my M1/8GB Air pretty much exclusively for web browsing and run into 'out of application memory' errors on a regular basis. Relaunching Safari generally solves the problem. It's just such a bad look for Apple to be selling premium priced products that can't do the most basic task people want them for without throwing errors.
If we're going by anecdotes, none of the people in my circle with base machines have ever complained about their computer running out of memory for their basic tasks. I'm sure Apple is looking at their telemetry data and they aren't seeing it either.
Again, I'm personally not happy about shelling out $400 for 24GB of memory on my next Macbook, but I gave away one of my base machines with 8GB to a family member, and they simply did not notice.
